Ed3 Galaxy

Analysis

Ed3 Galaxy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ed3 Galaxy reported income of $267k and spending of $177k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $248k to $267k (+7.6%), an average of +7.6% a year. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ed3 Galaxy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Marion Wetzel Irr TR Fbo LC College Scholarship ($267k), Chicago Association of Realtors Educational Foundation Inc ($267k) and Exam Schools Partnership Initiative ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $30k (17% of expenses). At year end it held assets of $187k against liabilities of $0, net assets of $187k.